Same protections.60% of people don’t pay off their cards every month.Consumer Reports says 75% of airline miles are never used.Don’t get credit cards for teens. 80% of college grads have credit card debt.19% of people who declare bankruptcy are in college.Debt consolidation only treats the symptom, not the root cause of spending.Chapter 4: Money Myths The (Non)Secrets of the Rich.Seeking false security in a job you hate is destructive.

Typically with these the cap rate looks really sexy.

Got into MHPs in 2013 and they weren't super sexy, still aren't but sexier i guess now... so thats what I'm doing.I have thought about this, and going against the grain in investing , I feel has served me well.  

It does make some assumptions:Purchase plus rehab is 70% of the ARVARV is the actual price you'll sell forYou're using hard money with a mid teen rate and several pointsYou'll hold about six monthsYour rehab estimate is accurateIf you can change any of those assumptions (e.g., you have your own cash) you can make an appropriate adjustment. 

It's not unusual for investors to realize returns in the mid to high teens and many times the depreciation they share in completely offsets their tax burden on the profits. 

In six months or a year (which will fly by when you are working OT) you will have a nice nest egg to start investing.But this unglamorous, not sexy strategy would not make a good podcast or sell a book.   

I have no prior knowledge or experience, but I've always been interested in RE since my teen years.

It isn't nearly as sexy as "picking your syndication" but you can literally sell your shares at any point in time. 

Personally for me there is nothing sexy about driving 2 hrs one way to work getting one finger salute from half a dozen people and giving it to two dozen.

G'Day everyone,It's me, your favorite Aussie.I need help from anyone and everyone that has experience investing in trailer parks.The number on a deal I'm looking at buying look absolutely MONSTROUS but the again, I don't really don't know what Im getting myself into.Here are some numbers and demographics below:PP = $80,000 max (I'm trying to buy for $60,000)Area = C Class and very industrialSize = 4.5 acres and 60 pads (15 trailers currently producing $30,000 gross)Property = 1 out 10 (Everything is falling apart from the fence, signs and the club house which is fire damaged)Rehab Needed = Around $50,000 to make it a 5 out 10 complex.So I'm running the numbers and estimating to be all in for $120,000, bringing the complex to a 5 out of 10 (Nothing sexy, nothing flash, just neat, tidy and basic)Even at 50% occupancy of $250 per pad and with a 50% expense estimate, I'm making $45,000 net which would make it a 37.5% net ROIWhat am I missing gang?